News
Lawsuit Alleges Xcel Energy Utility Equipment Started Damaging Texas Wildfire
A Texas homeowner whose house was destroyed by a massive wildfire raging northeast of Amarillo sued electric utility Xcel Energy on Friday, alleging that a splintered power pole owned by the company ...
N.J. City’s Limited Street Parking Leads to Zero Traffic Deaths in 7 Years
Street parking was already scarce in Hoboken, N.J., when the death of an elderly pedestrian spurred city leaders to remove even more spaces in a bid to end traffic fatalities. For seven years now, ...
Florida OIR Approves Another 54,000 Citizens Takeouts; More Coming if Bills Pass
Florida's Insurance Commissioner last week approved another round of takeouts from the state-created Citizens Property Insurance Corp., with assumption dates in May. That brings the total takeouts ...
Executives Deliver Divergent Views on Sustainability of Workers Comp Profits
Property/casualty insurance industry leaders delivered two different views on whether workers compensation will continue to be a bright spot on the industry profit picture during an investor ...
U.S. Insurers Face Challenges as Spike in Ratings Actions Expected to Continue
Negative ratings actions and financial challenges are forcing carriers to explore reinsurance options offering needed capital, according to a report released last month by Gallagher Re's Strategic ...
U.S. Power Companies Under Fire Over Role in Deadly Wildfires
The wildfire raging across the Texas panhandle, dubbed the Smokehouse Creek Fire and officially the largest on record for the state, has doubled in size since earlier this week and burned through an ...
Gun Oversight Focus of Testimony in Fatal Alex Baldwin Movie Set Shooting
A film-set manager increased oversight of firearm safety but was only partially aware of misfires in the days leading up to the fatal shooting of a cinematographer by Alec Baldwin during rehearsal ...
State Farm Underwriting Loss Climbs to $14B
When State Farm reported a $13 billion underwriting loss for 2022, it was the largest in the auto insurance giant's history. A year later, and another record. The underwriting loss figure climbed to ...